CALADRIUS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CALADRIUS
Largest movements
- Cash +€622,567
up €622,567 (+106.9%), from €582,368 to €1.2m
mainly Trade debts (+€419,537) and Net result for the year (+€390,365)
- Stocks and contracts +€65,803
up €65,803 (+26.1%), from €251,884 to €317,686
- Receivables within one year +€40,519
up €40,519 (+168.7%), from €24,020 to €64,539
of which Trade receivables: +€20,842
- Tangible fixed assets +€27,217
up €27,217 (+2.6%), from €1.1m to €1.1m
of which Plant, machinery and equipment: +€70,487
- Trade debts +€419,537
up €419,537 (+115.1%), from €364,370 to €783,908
- Reserves +€239,970
up €239,970 (+154.1%), from €155,770 to €395,740
- Profit (loss) carried forward +€150,395
up €150,395 (+52.9%), from €284,217 to €434,612
- Debts after one year -€133,933
down €133,933 (-16.1%), from €830,755 to €696,822
- Tax, wage and social debts +€76,456
up €76,456 (+56.5%), from €135,219 to €211,675
of which Taxes: +€50,546
- Staff costs +€229,943
up €229,943 (+57.0%), from €403,519 to €633,462
- Gross operating margin +€198,483
up €198,483 (+16.5%), from €1.2m to €1.4m
- Depreciation +€34,008
up €34,008 (+19.7%), from €172,974 to €206,982
- Financial charges -€17,377
down €17,377 (-24.0%), from €72,359 to €54,981
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,927,941 | €2,690,771 | +€762,831 | +39.6% |
| Fixed assets | 21/28 | €1,065,985 | €1,091,834 | +€25,849 | +2.4% |
| Intangible fixed assets | 21 | €5,130 | €3,761 | -€1,368 | -26.7% |
| Tangible fixed assets | 22/27 | €1,053,902 | €1,081,119 | +€27,217 | +2.6% |
| Land and buildings | 22 | €102,250 | €96,905 | -€5,345 | -5.2% |
| Plant, machinery and equipment | 23 | €215,514 | €286,001 | +€70,487 | +32.7% |
| Furniture and vehicles | 24 | €230,144 | €248,975 | +€18,831 | +8.2% |
| Leasing and similar rights | 25 | €505,994 | €449,238 | -€56,756 | -11.2% |
| Financial fixed assets | 28 | €6,953 | €6,953 | = | 0.0% |
| Current assets | 29/58 | €861,956 | €1,598,938 | +€736,982 | +85.5% |
| Stocks and contracts in progress | 3 | €251,884 | €317,686 | +€65,803 | +26.1% |
| Stocks | 30/36 | €251,884 | €317,686 | +€65,803 | +26.1% |
| Amounts receivable within one year | 40/41 | €24,020 | €64,539 | +€40,519 | +168.7% |
| Trade receivables | 40 | €21,196 | €42,038 | +€20,842 | +98.3% |
| Other amounts receivable | 41 | €2,824 | €22,501 | +€19,677 | +696.7% |
| Cash at bank and in hand | 54/58 | €582,368 | €1,204,935 | +€622,567 | +106.9% |
| Deferred charges and accrued income | 490/1 | €3,685 | €11,778 | +€8,093 | +219.6% |
| Total equity and liabilities | 10/49 | €1,927,941 | €2,690,771 | +€762,831 | +39.6% |
| Equity | 10/15 | €454,987 | €845,352 | +€390,365 | +85.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €155,770 | €395,740 | +€239,970 | +154.1% |
| Tax-exempt reserves | 132 | €155,770 | €395,740 | +€239,970 | +154.1% |
| Profit (loss) carried forward | 14 | €284,217 | €434,612 | +€150,395 | +52.9% |
| Amounts payable | 17/49 | €1,472,953 | €1,845,419 | +€372,466 | +25.3% |
| Amounts payable after more than one year | 17 | €830,755 | €696,822 | -€133,933 | -16.1% |
| Financial debts | 170/4 | €830,755 | €696,822 | -€133,933 | -16.1% |
| Amounts payable within one year | 42/48 | €642,199 | €1,147,788 | +€505,589 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €142,609 | €152,205 | +€9,596 | +6.7% |
| Trade debts | 44 | €364,370 | €783,908 | +€419,537 | +115.1% |
| Suppliers | 440/4 | €364,370 | €783,908 | +€419,537 | +115.1% |
| Taxes, remuneration and social security | 45 | €135,219 | €211,675 | +€76,456 | +56.5% |
| Taxes | 450/3 | €90,052 | €140,598 | +€50,546 | +56.1% |
| Remuneration and social security | 454/9 | €45,167 | €71,077 | +€25,910 | +57.4% |
| Accrued charges and deferred income | 492/3 | - | €810 | +€810 | |
| Remuneration, social security and pensions | 62 | €403,519 | €633,462 | +€229,943 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,974 | €206,982 | +€34,008 | +19.7% |
| Other operating charges | 640/8 | €2,703 | €298 | -€2,405 | -89.0% |
| Gross operating margin | 9900 | €1,204,287 | €1,402,770 | +€198,483 | +16.5% |
| Operating profit (loss) | 9901 | €625,091 | €562,028 | -€63,063 | -10.1% |
| Financial income | 75/76B | €716 | €3,240 | +€2,524 | +352.6% |
| Recurring financial income | 75 | €716 | €3,240 | +€2,524 | +352.6% |
| Financial charges | 65/66B | €72,359 | €54,981 | -€17,377 | -24.0% |
| Recurring financial charges | 65 | €72,359 | €54,981 | -€17,377 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €553,449 | €510,287 | -€43,162 | -7.8% |
| Income taxes | 67/77 | €113,461 | €119,922 | +€6,461 | +5.7% |
| Profit (loss) for the period | 9904 | €439,987 | €390,365 | -€49,623 | -11.3% |
| Transfer to tax-exempt reserves | 689 | €155,770 | €239,970 | +€84,200 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €284,217 | €150,395 | -€133,823 | -47.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.